Summary by Futu AI
GANFENGLITHIUM and its holding subsidiary GANFENGLITHIUM BATTERY recently signed two guarantee contracts, providing a total joint liability guarantee of 637 million yuan for the subsidiaries. Among them, GANFENGLITHIUM provided a guarantee of 500 million yuan for GANFENGLITHIUM BATTERY, and GANFENGLITHIUM BATTERY provided a guarantee of 137 million yuan for its wholly-owned subsidiary GANFENG NEW LITHIUM SOURCES. These guarantees are all within the limits approved by the company's Shareholders' Meeting, aiming to provide financial support for the subsidiaries' Business development.At the same time, the company’s largest Shareholder, Li Liangbin, has conducted partial share pledges and解除 pledges. Li Liangbin has newly pledged 20 million shares, accounting for 5.28% of his holdings;解除 pledged 21 million shares, accounting for 5.55% of his holdings. As of the announcement date, Li Liangbin and his acting-in-concert parties have cumulatively pledged 89,548,000 shares, accounting for 22.02% of his total holdings and 4.44% of the company's total share capital. The company stated that the relevant pledge risks are controllable and will continue to monitor the pledge situation of major Shareholders.
